The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-03-30

per, 6@8 per cent. Sterling exchange
dull but steady at 4S4i for sixty days
and 1891 for demand.
Bonds = Government bonds were
dull'and steady TO firm. State bonds
were dull and steady.
Stocks-For the first time in many
weeks the money market became g
factor in the course Of prices, and, not
withstanding the fact that the entire
street is talking in favor Of higher fig
ures a. long as money held up, the
stock mgrket had a ssgging tendency.
The rates for stocks were in process OF
adjustment to those for money, and
this was an iGducement to many OPP
orators to take the profits shown in
the operations Of the past four days.
Il is also believed lat the policy Of
the leaders is to prevent a material
advance until after the April settle
ments. The market sho 6ed some de-
gree Of strength in the early dealings,
and London was q liberal buyer at
that time Of the day, but the
steady pressure Of stocks for
ssle slowly forced prices down until
late i'll the day when tbs easing OF the
rates for money somewhat encouraged
buying and squirt in New England
and the Wsbashes gave more char.
acter to the dealings. New England
was affected frat by the declaration Of
the dividend, and second, by rumors
of new deal by which the company
will be gamer. The only thing new
in Wabash was the announcement
that the purchasing committee is
ready to redeem the receivers certifi-
Gates. The movement also spread to
the other Gould stocks. Union Paci-
fic was the special feature of the fore
noon, trading being extremely active
and strong upon the presidents re-
port. The remainder of the list were
without special feature of Importance.
The opening was active aud strong,
the advances over last evenings final
quotations ranging from 1 to ! per
cent. Union Pdcific and Fort Worth
we're active and strong, but the
general list soon developed declin-
ing tendency. This heaviness became
more pronounced toward noon, al.
though the losses were measured by
fractional declines only. Later the
market became decidedly dull and ut
tarly devoid of feature, but after l
O'Clock pm. the movement in New
England began, and the market re.
sponded slowly. In the last hour
there was considerable more business,
and prices were brought up to the
of opening figures, the
close being moderately active aud
firm to strong. Ths changes for the
day are for the most part for insignih.
cant fractions only, and advances are
slightly in ma GRITTY. The only i'm
portaDt change is in New York and
New England, which ga ned II per
cant. Railroad bonds were moder-
ately active and prices in the majority
Of the list were firm to strong. Sales
today aggregated $1,000, 900. While
there was no specially important
final prices generally
chow advances. Grand Rapids and
general 5s rose 2 to 92,
Coal firsts 2 to LOG, Central
Pacific (San Joaquin brauch) Is "a to
l15t, Texas and New Orleaus Sabine
firsts 81 to 104!, Wabash gem
e,al trust receipts 81 to 81, Indiana,
Bloomington and Western income re-
ceipts 2 to 33.
Ths total sales of stocks today were
304, 09S shares, including: Canada
96l5; Erie, 14,240; Louis
Vile and Nashville, 1850; Missouri
Poetic, 1850; North western, 9405;
Reading, 22,850; st. Paul, 1880; Tex.
IS Pacific, 14,710; Union Pacific, 28,-
US; Western Union, 1850. Closing
quotations: